USD/MYR (4.1535)

USD/MYR weekly chart shows that minor wave iv is almost there. Next will be the minor wave v formation that is likely to stop at 4.265 to complete the wave (ii).

The wave (iii) of C is likely to bring USD/MYR to below 4.00

From the monthly chart if USD/MYR is forming a 5-3-5, A-B-C major wave (2), the wave C is possible to end near 2.50 level unless it is moving side-way with a contracting A-B-C-D-E formation for its major wave (2). Then wave C is more likely to end around 3.00 level before moving up again to the 4.00 level to form the wave D. Since this is a monthly chart, each candlestick is one month, it is going to years to complete the C.

USD/MYR took 13.5 years (including the 6 years where MYR was pegged at Rm3.80 to US$1.00) to complete its wave A and another 5.25 years to complete its wave B. My guess is wave C is likely to take at least another 5 to 6 years to complete, that is sometimes in 2026.

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